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My experience with fractional ownership of comics: JIM #83 / $215,000
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Started by Gman65NJ,

444 posts in this topic

valiantman

valiantman

Posted
Posted
1 hour ago, frozentundraguy said:
21 hours ago, valiantman said:

The only CGC 9.4 sale recorded for 2020 was $210,000.  GoCollect may have $140,000, but $210,000 is the most recent recorded price.  As far as the rest of the discussion goes, it's linked in @THE_BEYONDER post above.

I checked the past auction for Comic Link, specifically the May and June completed auctions, and I find the JIM #83 sold for $141,778. (shrug)

 

1 hour ago, Shrevvy said:

GPA shows $210,000 on June 30, 2020 for this book:

Verify CGC Certification | CGC (cgccomics.com)

It does not show the venue at which it was sold.

 

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frozentundraguy

frozentundraguy

Posted
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26 minutes ago, valiantman said:

 

 

I get that. I also checked Comic Connect and Heritage and do not see a sale for 210K this year, so perhaps it's on Ebay. Perhaps this point has been made, but in treating these comics like shares of stocks I see a possible problem due to a lack of frequent trading. Suppose the next sale is 140K. The investors at 210K then just lost 33% of their investment, though it may take months to find that out.

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valiantman

valiantman

Posted
Posted
13 minutes ago, frozentundraguy said:

I get that. I also checked Comic Connect and Heritage and do not see a sale for 210K this year, so perhaps it's on Ebay. Perhaps this point has been made, but in treating these comics like shares of stocks I see a possible problem due to a lack of frequent trading. Suppose the next sale is 140K. The investors at 210K then just lost 33% of their investment, though it may take months to find that out.

Correct, however, if you own $100 worth of a $210K book that drops to $140K, you've lost $30.  If you own the whole $210K book that drops to $140K, you've lost $70,000.  The percentage is the same, but most people are okay with losing $30 and very un-okay with losing $70,000.

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KCOComics

KCOComics

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It's hard for me to imagine buying shares of a book like JIM83 when you can buy and own a low grade affordable copy. 

Attached is my JIM83 bought here on the boards about 2 years ago. It's no 9.4, it's not going to win a beauty contest, but I do own 100% of it. I can hold it and look at it.  

I can't imagine spending $500 on shares of a book I would never own, when $500 would make a meaningful dent in the cost of a low grade copy I have to myself. 

 

Now, I suppose when your talking about Tec27s or AC1s, the math is different. You can't buy a single page for under 4 figures. But I would still rather put $500 toward a cool superman book I could afford, then owning a share of a book I'll never see. 

IMG_20210109_215802238.jpg

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batman_fan

batman_fan

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14 hours ago, Gman65NJ said:

Interesting discussion. I would think collectors would welcome things like this that make collecting more accessible, creates more interest in general and drive up prices.

Attached is latest as of this morning...82% funded.  Average investment $236.

0B4B48C7-DB78-41A7-AA56-FAC734F0DBC7.png

I thought these were so hot they sold out in 2 minutes hm

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mackenzie999

mackenzie999

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21 hours ago, Funnybooks said:

I can see wanting to own part of something like a Horse or a sports team...but...why engage in owning something you can't even touch? Buy stocks if you want to invest in something on paper...

I think the appeal is that they are investing in something they have (or at least think they have) extensive knowledge of. I invest in stocks, but as I find that deadly boring and have zero interest in learning about them, I pay my financial advisor to make those decisions. I still think this is a terrible idea, but I understand the appeal. It’s easier to predict that AF15 will increase in value than it is to figure out how possible government legislation will impact your energy portfolio.

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BigLeagueCHEW

BigLeagueCHEW

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10 hours ago, KCOComics said:

 

It's hard for me to imagine buying shares of a book like JIM83 when you can buy and own a low grade affordable copy. 

Attached is my JIM83 bought here on the boards about 2 years ago. It's no 9.4, it's not going to win a beauty contest, but I do own 100% of it. I can hold it and look at it.  

I can't imagine spending $500 on shares of a book I would never own, when $500 would make a meaningful dent in the cost of a low grade copy I have to myself. 

 

Now, I suppose when your talking about Tec27s or AC1s, the math is different. You can't buy a single page for under 4 figures. But I would still rather put $500 toward a cool superman book I could afford, then owning a share of a book I'll never see. 

IMG_20210109_215802238.jpg

Exactly and still be able to hold it and display the copy. Why stare at a copy online when you can do that with a high res. scan from Heritage.

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BigLeagueCHEW

BigLeagueCHEW

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On 1/8/2021 at 12:17 PM, Gman65NJ said:

There’s a site - https://rallyrd.com/ that buys collectibles of all sorts - cars, wine, and of course comics - and then allows fractional ownership. To give you a sense of how hot Rally is and collectible comics are - the JIM 83 IPO went live today and was 50% funded ($109k) in three minutes. 

So I’m now the proud owner of a few shares of a 9.4 JIM 83.

recent sell outs include an Avengers 1 9.6 at $270k (across 633 initial investors...so avg investment of $426) and an 8.0 AF 15 at $200k valuation across 800 investors.

9F46ED8A-F657-41D7-BB35-3D28C51268BF.png

1. People are easy to heard like cattle

2. The company will go Bankrupt, or close it's doors and skip town with the books.

A waste of time IMO

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